Guideline Value for Vinayagar Nagar

Vinayagar Nagar guideline value

The current guideline value of Vinayagar Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Vinayagar Nagar has changed

The guideline value for Vinayagar Nagar has seen significant changes over the years. In 2002, the value was Rs 71 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 41% rise. By 2007, the value surged to Rs 200 per sq.ft, reflecting a 100% increase from the previous revision. The 2012 revision set the value at Rs 1,200 per sq.ft, showing a substantial increase of 500% from 2007. However, this was followed by a decrease to Rs 804 per sq.ft in 2017, a drop of 33%.

In 2023, the guideline value rose again to Rs 1,200 per sq.ft, and the latest revision in 2024 has set it at Rs 1,300 per sq.ft, which is an 8% increase. Overall, from 2002 to 2024, the guideline value has increased by 1731%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Vinayagar Nagar is below this median.

• Vinayagar Koil Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 9th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 8th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 7th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 6th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 5th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar Nagar?

The Sub Registrar Office covering Vinayagar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vinayagar Nagar?

The current guideline value of Vinayagar Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 71 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 1731%.

What is the registration fee for property in Vinayagar Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 13,00,000, the registration fee would be Rs 26,000.

Where can I find the Sub Registrar Office for Vinayagar Nagar?

The Sub Registrar Office for Vinayagar Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other streets in Thirumullaivoyal with guideline values?

Other streets in Thirumullaivoyal include Vinayagar Koil Street, Vinayagar Koil 9th Street, Vinayagar Koil 8th Street, Vinayagar Koil 7th Street, Vinayagar Koil 6th Street, and Vinayagar Koil 5th Street, all valued at Rs 2,400 per sq.ft in 2024.